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VN’s digital economy to reach $14 billion in 2020

E-commerce is expected to grow by 63 per cent to $62 billion in 2020 and is poised to hit $172 billion in 2025.— Photo doanhnhansaigon.vn HCM CITY — Southeast Asia’s digital economy remains resilient at $100 billion in gross merchandise value (GMV) despite headwinds and is on track to cross $300 billion in GMV by 2025, according to a report […]


US – Việt Nam trade grows strong over 25 years

  Trade between the US and Việt Nam has seen remarkable growth over the last 25 years, and both countries are prioritising co-operation in forming supply chains and increasing trade. – Photo tapchitaichinh.vn HCM CITY – Trade between Việt Nam and the US has seen impressive growth over the last 25 years, with more and […]


Shares gain for third day in a row

  A petrol station of Việt Nam National Petroleum Group (Petrolimex or PLX) in Hà Nội. PLX rose 4.8 per cent on Thursday. Photo petrolimex.com.vn HÀ NỘI — Shares gained for a third day in a row on Thursday thanks to the growth of energy stocks. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) […]


Vietnamese chocolate products have chance to enter to global market

  A farmer harvests cocoa fruit in a farm in Chợ Gạo District, Tiền Giang Province. Việt Nam should have programmes to promote cocoa production in a sustainable way and with a guarantee of a fair income for the cocoa growers. VNA/VNS Photo Đình Huệ HÀ NỘI — There is an opportunity for Vietnamese chocolate to […]


Corporate bond market cools for 2nd month

  Cash notes being counted. The corporate bond market continued cooling down in October with total bonds sold worth US$409 million, down 12.8 per cent monthly. — Photo laodong.vn HÀ NỘI — The value of corporate bonds issued in October was VNĐ9.5 trillion (US$409 million), down 12.8 per cent from September, according to the Hà Nội […]


Vietnam Airlines Group launches promotional programmes at VITM 2020

  Passengers are making check-in procedures at the Can Tho International Airport. – Photo the courtesy of Vietnam Airlines HÀ NỘI – Vietnam Airlines and Pacific Airlines will offer thousands of discount codes when visitors buy tickets on websites or mobile apps of the airlines at the Vietnam International Travel Mart (VITM) 2020. This is a […]


SOEs urged to push up digital transformation

  State-owned enterprises must take the lead in digital transformation, Chairman of the Committee for Management of State Capital at Enterprises (CMSC) Nguyễn Hoàng Anh said. — cafebiz.vn HÀ NỘI — State-owned enterprises (SOEs) must push up digital transformation to improve their competitiveness and operation efficency, Chairman of the Committee for Management of State Capital at Enterprises […]


Shares advance on blue-chips and industrial real estate stocks

  Workers of the Vietnam Rubber Group JSC (GVR) harvest rubber latex. GVR rose 6.1 per cent on Wednesday. — Photo vnrubbergroup.com HÀ NỘI — Vietnamese shares were lifted on Wednesday thanks to gains from blue-chips and industrial real estate stocks. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) gained 0.48 per cent to close […]


Conferences for IT enterprises kicks off in HCM City

  Express Mail Service (EMS) shared their digital technology with other attendees at a conference in HCM City yesterday. — VNS Photo Xuân Đăng HCM CITY — The 2020 Conferences and Exhibitions on Vietnamese Information Technology Enterprises, Products and Services kicked off on Wednesday. This is an annual event held by the Ministry of Information and Communications. This year, […]


Construction materials market flourishes again

  A cement plant. The construction materials market in HCM City started to flourish again in the third quarter as the peak construction season began and demand from some export markets recovered. — VNA/VNS Photo  HCM CITY — After a gloomy period due to the COVID-19 pandemic, the construction materials market in HCM City started to flourish again in the third quarter as […]


Foreign media laud Southeast Asia’s tallest vertical forest in Việt Nam

  The Solforest Ecopark which is located in the outskirt of Hà Nội is expected to have air quality equivalent to New Zealand’s. — Photo courtesy of Solforest HÀ NỘI — The Solforest Ecopark project recently appeared on the homepage of many famous Asian news outlets such as Singapore Business Review (SBR), Channel News Asia (CNA) and Travel […]


ACT branch opens in HCM City, offers more methods to fight against counterfeit products

  The launching ceremony of the Anti-counterfeit Technology Centre branch in HCM City on Wednesday. — VNS Photo Thu Ngân HCM CITY — The Anti-counterfeit Technology Centre (ACT) Việt Nam on Wednesday in HCM City officially launched its branch in the city, aiming to prevent counterfeit products and protect the rights of consumers and enterprises in the southern region. The opening of the […]


Japanese firms looking to invest in more sectors, localities in VN: JETRO

  Hirai Shinji, chief representative of the Japan Trade Promotion Organisation (JETRO) in HCM City Economic and market growth potential, competitive human resources, an increase in consumption, and successful control of the COVID-19 epidemic are the factors that continue to make Việt Nam an attractive investment destination for Japanese firms. Hirai Shinji, chief representative of […]


Nestle inaugurates Coffee Farm Experience Center in Buôn Ma Thuột

  Participants the inauguration ribbon at the “NESCAFE WASI Coffee Farm Experience Center” on Wednesday in Buôn Ma Thuột City. — VNA/VNS Photo Trần Việt   HÀ NỘI — Nestle Việt Nam and the Western Highlands Agriculture and Forestry Science Institute (WASI) inaugurated their “NESCAFE WASI Coffee Farm Experience Center” on Wednesday in Buôn Ma Thuột City […]


Largest brewery firm to pay cash dividend

  Sabeco’s production line. — Photo sabeco.com.vn HCM CITY — Sài Gòn Beer-Alcohol-Beverage Corporation (Sabeco) will pay its first cash dividend for the 2020 financial year on December 18. The dividend rate is set at 20 per cent, meaning shareholders will receive VNĐ2,000 (US$0.086) per share. The total dividend rate Sabeco set for 2020 is 35 […]


Tax from e-commerce increases

Online sales on Facebook. — Photo enternews.vn HÀ NỘI — Tax declared from e-commerce activities had been increasing, reported the General Department of Taxation. Specifically, the total amount of tax paid by Vietnamese organisations that had signed online advertising contracts with foreign organisations and paid on behalf of those firms reached VNĐ46.86 billion (US$2 million) in 2016. […]


Firms urged to pay more attentiont to building brands

Products of national diary company Vinamilk. Building brand was important to firms to increase competitiveness in the context of rapid internatinal integration. — Photo taichinhdoanhnghiep.net.vn HÀ NỘI  — Firms should attach greater attention to building their brands to enhance competitiveness in the context of rapid global integration as Việt Nam has few globally-recognised brands. A survey […]


Việt Nam urged to move up global value chains post-pandemic

  Participants look at products displayed at an exhibition area held as part of a conference on global supply chain movement yesterday in HCM City. VNS Photo Bồ Xuân Hiệp HCM CITY — Việt Nam needs to diversify global supply chains in order to achieve inclusive growth and attract investment after the pandemic ends, speakers said yesterday (Nov […]


VMIC – not only a change of symbol but also a symbol of change

  A corner of Sài Gòn Port in HCM City.  The Vietnam National Shipping Lines (Vinalines) began operation under the model of joint stock company on August 18, making its new international trading name Vietnam Maritime Corporation (VIMC). This marks the 25th year in the history of the corporation, a leading maritime enterprise in Việt Nam. Not […]


ACB ties up with Sun Life Vietnam to develop bancassurance

  The signing ceremony for the 15-year partnership between ACB and Sunlife in HCM City on Wednesday. — VNS Photo Thu Ngân HCM CITY — Sun Life Vietnam Insurance Company Ltd (Sun Life Vietnam)  and Asia Commercial Joint Stock Bank (ACB) on Wednesday in HCM City inked a five-year exclusive bancassurance partnership in Việt Nam.  The partnership between Sun Life […]